In 2023, the export volume of distilled alcoholic beverages in Spain stood at 192.0 thousand metric tons, reflecting a minimal year-on-year growth of 1.05%, signaling relative stability in the market. The average annual growth rate over the past five years (2018-2023) was 0%, indicating a stagnant market during this period.
Recent data reveals fluctuating trends: a notable drop in 2015 and 2016 (-5.49% and -5.16% respectively), a recovery peak in 2017 (10.2%) and significant uptrend in 2018 (18.52%), followed by a moderate decline (-4.17%) in 2019 and a sharp decrease in 2020 (-16.1%) due to potential global disruptions. The recovery phase saw varied growth rates: strong in 2021 (15.69%) and steady growth in 2022 (6.38%) before stabilizing in 2023 (1.05%).
Forecast indicates a steady but modest rise in exports from 2024 to 2028, with a compound annual growth rate (CAGR) of 0.84%. The expected growth rate for these five years is 4.25%, suggesting a gradual but consistent improvement in export volumes.
Future trends to watch for include the impact of global trade policies, changes in consumer preferences, and advancements in production technologies that might influence both the quality and quantity of exports. Close monitoring of these factors will be essential to understand and anticipate further market movements.